Mina Kimes

Because from where I stand, I see a technology that where most of the money is just from other companies paying for it or for the services or the chips, right?

I don't see an economic impact at the ground level.

And I don't see humans paying for it right now.

Well, Mina brought up a scenario that I think is really easy to describe.

If AI is anything close to NFTs, and OpenAI is currently valued at $600 billion, and Anthropic is currently valued at $400 billion, it's a bubble, period.

It's over.

These companies are doomed if this technology is NFTs.

So along that timeline, you are looking at one of the biggest technological bubbles of the last few generations.

It's not NFTs.

And the reason it's not NFTs is that NFTs did not transform anyone's job, unless you were like a collector of digital tokens, digital artifacts, essentially.

Look at what's happening in the software industry.

The job of being a software programmer has been completely changed.

Let me give you a sense.

There's this company called Meter, M-E-T-E-R.

that does these famous benchmark studies of AI.

It does these studies that are quoted throughout Twitter, throughout the AI discourse of how powerful this technology is.

And last year, they published a study that was held up very strongly by the AI doubters because it said that if you ask the best software programmers to use artificial intelligence, they think it makes them about 15%, 20% more effective.

But if you have a third party grade their work, they're actually significantly less

less productive on an hour-per-hour basis.

And all these people who are doubters of artificial intelligence pointed this study and they said, look, this proves that AI is just vaporware.